2411 E 16th StPanama CityFL32405
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Panama City at 2411 E 16th St, Panama City, FL, 32405 earns from $1,707/mo rent with a $1,493/mo payment. Total monthly income totals $1,707/mo. ROI tracks 16.14% on current figures, and rental yield reads 6.72% at a $305,000 purchase. Equity gained on principal adds $1,968/yr, and 5% annual appreciation supports $84,266 over five years. Five-year ROI reaches 83.26% and total cumulative return in cash sums $84,178. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,707/mo property income instead of your personal income.
Single Family
Built in 2026
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32405, Panama City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,910 (100%) |
| Owner Occupied HU | 7,737 (51.9%) |
| Renter Occupied HU | 4,741 (31.8%) |
| Vacant Housing Units | 2,432 (16.3%) |
| Median Home Value | $336,326 |
| Average Home Value | $395,025 |
Housing Distribution
Address Breakdown
Residential
13,594
Single Family
12,208
Multi-Family
1,386
Businesses
1,407
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Listed by: Justin Cater LLC • EXP Realty LLC
Mls Name: CPAR
Mls ID: #783095